Sydbank — M&A Activity 2013

Dec 22, 2013

Sydbank A/S / Result of Tender Offer

20.12.2013 08:30

Dissemination of a Regulatory Announcement, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------------

Aabenraa, Denmark, 2013-12-20 08:30 CET (GLOBE NEWSWIRE) -- On 21 November 2013 Sydbank A/S ('Sydbank') published a tender offer document ('Tender Offer Document') regarding a voluntary recommended public tender offer to the shareholders of DiBa Bank A/S ('DiBa Bank') for the purchase of all shares in DiBa Bank against a consideration in cash of DKK 145 per share of DKK 20 nominal ('Tender Offer').

On 2 December 2013 the Danish Competition and Consumer Authority approved the acquisition by Sydbank of up to 100% of the shares in DiBa Bank. On 6 December 2013 the Danish FSA also approved the acquisition by Sydbank of up to 100% of the shares in DiBa Bank. Consequently all approvals and licenses from competition regulators and the Danish FSA necessary to implement the Tender Offer have been obtained. Moreover the extraordinary general meetings held at DiBa Bank on 9 December 2013 and 12 December 2013 resolved to cancel the provisions relating to the voting ceiling and the shareholders' committee in the Articles of Association of DiBa Bank, upon which the Tender Offer was also conditional.

At the expiry of the tender offer period on 19 December 2013 at 21.00, Sydbank had received acceptances whereby following the implementation of the Tender Offer Sydbank will own approx 96.2% of the shares and voting rights in DiBa Bank.

Consequently Sydbank can ascertain that all terms and conditions for the implementation of the Tender Offer have been met.

Settlement of acceptances will take place on 30 December 2013.

As soon as possible Sydbank will request the Board of Directors of DiBa Bank to convene an extraordinary general meeting with a view to electing a new Board of Directors as well as adopting certain amendments to the Articles of Association. Furthermore Sydbank will as soon as possible initiate a compulsory redemption of the remaining minority shareholders' shares in DiBa Bank in pursuance of sections 70-72 of the Danish Companies Act and an application for the delisting of the shares in DiBa Bank from NASDAQ OMX Copenhagen A/S will subsequently be submitted.

Click on, or paste the following link into your web browser, to view the associated documents

https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=454947

News Source: NASDAQ OMX

20.12.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: Company:	English Sydbank A/S
	Denmark
Phone:
Fax:
E-mail:
Internet:
ISIN:	DK0010311471
Category Code:	RTE
TIDM:	0G6U
Sequence Number:	1827
Time of Receipt:	Dec 20, 2013 08:30:00
End of Announcement		DGAP News-Service

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